Chris Skinner

FEBRUARY 21, 2019

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. This is clearly demonstrated in their microservices team structures and agile thinking.

Technology 309

Technology Compliance Fintech Digital Banking 309

Accenture

JUNE 24, 2020

Evidence from our banking market research—and echoed by the current pandemic environment—suggests that we have indeed moved into a period of volatility and industry change, and that digital maturity is at least one of the factors that will separate future winners from losers. The question….

Technology 364

Technology Industry Marketing Digital Banking 364

Chris Skinner

OCTOBER 21, 2018

Someone told me I should start a travel blog, as I fly more than most pigeons do. But I’m not sure my travel blog would be read so much. Some countries are still reliant on cash whilst others are … The post Is the world being democratised through technology? appeared first on Chris Skinner's blog.

Technology 311

Technology Digital Banking Fintech 311

Chris Skinner

SEPTEMBER 11, 2019

However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. To be like a Silicon Valley angel investment firm. To be like a young, FinTech unicorn.

Technology 375

Technology Company Fintech Digital Banking 375

Chris Skinner

APRIL 6, 2018

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

Technology 281

Technology Company America Examples 281

Accenture

FEBRUARY 22, 2022

While extended reality (XR) technology has been around for some time, the topic’s momentum has recently accelerated with some analysts now predicting the metaverse to be an $8 trillion opportunity.…. The post Banking in the metaverse: the next frontier appeared first on Accenture Banking Blog.

Technology 545

Technology Digital Banking 545

Chris Skinner

NOVEMBER 8, 2017

The … The post Throwing technology over the wall appeared first on Chris Skinner's blog. Old cars were made of metal and welded together into a solid machine where, if any part breaks, you have to replace the whole machine.

Technology 250

Technology Digital Banking Innovation Fintech 250

Chris Skinner

MARCH 1, 2020

I’m tempted to write the ABC of technology buzzwords, but know there cannot be any that start with X or Z*. However, I’m writing this one today because the word … The post What does ‘digital transformation’ really mean? appeared first on Chris Skinner's blog. Distributed, decentralised, democratised.

Big Data 535

Big Data blockchain Data Technology 535

Chris Skinner

SEPTEMBER 16, 2019

I was recently asked by Volante Technologies to consider what being a digital bank means, specifically for a commercial bank and, even more specifically, the bank’s payments and treasury services. appeared first on Chris Skinner's blog.

Payments 311

Payments Digital Banking Retail Technology 311

Chris Skinner

MARCH 28, 2019

I used to blog about blockchain and distributed ledger technology (DLT) almost once a week … four years ago. Today, I hardly blog about it at all.

blockchain 419

blockchain Fintech Technology Digital Banking 419

Chris Skinner

JUNE 9, 2017

I could go on, but there are very strong reasons for reimagining the bank through a digital transformation project right now, one of which is that the 1000s of start-ups who are focused on doing just one thing really well through an API are companies they could partner with.

Digital Banking 277

Digital Banking Software System Technology 277

Accenture

AUGUST 2, 2022

Flat economic growth and rising competition are forcing banks in growth markets to step up investment in digital technologies. But many banks are wary of committing themselves to an extensive digital transformation of their businesses. They view such large-scale change as…. They view such large-scale change as….

Marketing 425

Marketing User Experience Technology Digital Banking 425

Chris Skinner

FEBRUARY 11, 2020

appeared first on Chris Skinner's blog.

Analytics 381

Analytics System Industry Data 381

Chris Skinner

MARCH 5, 2019

FinTech is doing what we’ve always done, cheaper and faster and better with technology. TechFin is reimagining everything with no idea of what’s been before with technology. It’s a … The post Are banks customer focused? appeared first on Chris Skinner's blog.

Fintech 391

Fintech Technology Digital Banking 391

Chris Skinner

APRIL 15, 2019

I picked up an interesting article from Reuters, about how Asian technology firms are moving into banking in a different way to Europe or America.

America 419

America Google Technology Digital Banking 419

Chris Skinner

OCTOBER 30, 2018

I got this headline today: Most banks will be made irrelevant by 2030 – Gartner Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

Technology 412

Technology Digital Banking Fintech 412

Chris Skinner

JUNE 4, 2019

I had an interesting discussion about hiring technology people into banks the other day. You could join a hot FinTech unicorn like Monzo, SoFi, Stripe, Ant Financial, Ping … The post The war for (banking tech) talent appeared first on Chris Skinner's blog.

Fintech 407

Fintech Technology Digital Banking 407

Chris Skinner

JANUARY 13, 2019

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The requests would get prioritisation and be delivered in sequence over time, sometimes a very long … The post The new FinTech bank appeared first on Chris Skinner's blog.

Fintech 399

Fintech Operations Technology Digital Banking 399

Chris Skinner

MARCH 19, 2019

For years, technologists have been telling them that their business is threatened by technological change.

Technology 379

Technology Digital Banking 379

Accenture

JUNE 23, 2022

What’s more, these big “winning banks” are harnessing their vast investments in digital technologies to help accelerate their growth. The post Top 15 banks reveal secrets of digital success appeared first on Accenture Banking Blog. The success of these global giants provides valuable lessons….

Technology 376

Technology Digital Banking 376

Chris Skinner

JULY 16, 2018

During #Money2020Europe Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology.

Leadership 397

Leadership Technology Digital Banking 397

Insights on Business

APRIL 28, 2017

Traditionally, banking was a conservative industry with relatively high barriers to entry. Banking products and services were defined and controlled by the bank. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.

Digital Banking 171

Digital Banking User Experience Branding social media 171

Chris Skinner

MAY 17, 2017

In fact, I would be amazed if anyone who reads my blog could honestly say that digitalisation doesn’t change their business model. After all, the business model of banks was built for face-to-face interactions backed up by paper documentation; the business model of digital banks is for device-to-device interactions backed up by data.

Leadership 321

Leadership United States Survey Conference 321

Chris Skinner

FEBRUARY 21, 2019

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. This is clearly demonstrated in their microservices team structures and agile thinking.

Technology 157

Technology Compliance Fintech Digital Banking 157

Chris Skinner

MAY 25, 2016

I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour free, then you can watch the presentation.

Digital Banking 279

Digital Banking blockchain Innovation Technology 279

Chris Skinner

SEPTEMBER 1, 2017

Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. It was pretty dull, to be honest, but worthy. I wrote a lot about regulations.

Regulation 343

Regulation Technology Digital Banking Innovation 343

Chris Skinner

JUNE 20, 2017

Anyways, one little moment stood out enough for me to blog about, and it was the presentation from Capco’s FinTech lead Jeff Tijssen. Jeff threw some slides up, including some that were attributed to me (which helps when you want some blog coverage!), I liked his slides too, so asked Jeff if he could ping them over to me.

Innovation 407

Innovation Regulation Conference Fintech 407

Accenture

APRIL 19, 2022

The post The ultimate guide to banking in the metaverse appeared first on Accenture Banking Blog. With bigtech giants like Tencent, Meta and Microsoft all making big bets on the metaverse, there is little doubt that the internet is on the verge of….

Digital Banking 493

Digital Banking Technology 493

Chris Skinner

JULY 22, 2020

McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to … The post Hey bank, get onto my cloud! appeared first on Chris Skinner's blog.

Google 488

Google National Digital Banking Innovation 488

Chris Skinner

FEBRUARY 7, 2018

I recently blogged about Edelman Trust Barometer, which makes clear that technology firms are trusted the most and financial firms the least. Consumers trust technology firms not to abuse their data? This is misguided however, as we need to think about who trusts them with what.

Technology 282

Technology Data Digital Banking 282

Accenture

DECEMBER 8, 2020

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. We know digitally mature banks comprehensively outperform their peers, and that’s reason enough for those lagging on the digital curve to start transforming themselves.

System 398

System Marketing Analytics Digital Banking 398

Chris Skinner

AUGUST 14, 2018

I’m not bored of the promise of blockchain and distributed ledger technologies. appeared first on Chris Skinner's blog. Just bored of how much hype there has been and of so many companies claiming to have the latest blockchain breakthrough. … The post Do we need a blockchain?

blockchain 318

blockchain Technology Company Digital Banking 318

Chris Skinner

MARCH 13, 2019

This camp sit around the campfire and go “down with banks, down with banks”. They believe banks are out-dated legacy firms who have no idea about the modern age of technology. They believe banks are money-grabbing Shylocks, purely … The post Which camp are you in?

Fintech 339

Fintech Technology Digital Banking 339

Chris Skinner

OCTOBER 10, 2016

I was thinking about not sharing this info but hey, as you are good enough to read my blog … here’s the bottom-line on digital disruption (ed: oh no, Chris said the D-word!). There’s a slide that’s been doing the circuit for a while.

Digital Banking 150

Digital Banking Technology Fintech 150

Chris Skinner

FEBRUARY 8, 2018

In my blog yesterday, I talked about the technology titans being liked and potentially trusted with money, but I still don’t think they will open full-service banking. Instead, I think they will focus upon full-service information.

Technology 284

Technology Digital Banking Innovation Fintech 284

Chris Skinner

FEBRUARY 19, 2019

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology?

Technology 150

Technology Digital Banking Fintech 150

Chris Skinner

AUGUST 21, 2018

I’ve been thinking for a while now about building a new financial system from the ground up using AI, blockchain, the Internet of Everything and other technologies. I guess the piece that inspired a lot of my thinking came from two … The post The future financial world is here appeared first on Chris Skinner's blog.

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blockchain System Technology Digital Banking 326